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Thursday 05 November 2015 12:01 amSocial rents cuts a greater benefit to the exchequer than to tenants, finds think tank IFS in new reportBy: Hayley KirtonShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on Google 8203;Slashing social rents will benefit the exchequer more than tenants,research published today by think tank the Institute for Fiscal Studies IFS has reveale
polene store d.The report, which was funded by Trust for London, found that cutting social rents ndash; the amount charged to social housing tenants ndash; would only increase rentersrsquo; total disposable incomes by pound;0.7bn. But, because the majority of those tenants also receive housing benefit, entitlement to the means-tested ben
polene deutschland efit will fall by pound;1.7bn.Robert Joyce, one of the reportrsquo authors and senior rese
stanley in uk arch economist at the IFS, said: The government had committed to increasing social rents for ten years; but after just one of those ten years, it announced that rents will instead fall for the next four years. This instability could damage the ability of social landlords to plan and finance new house-building.A government spokesperson said: By lowering social rents the government is helping to protect social tenants from rising housing costs, while ensuring fairness for taxpayers. Social rents cuts were announced in this Julyrsquo Budget.Share this articleFacebookXLinked Cstc London speeds to the top of 4G mobile ranking
Sunday 26 July 2009 8:00 pm|Updated:
stanley quencher uk Friday 31 May 2019 6:10 amDarling urges banks to lendBy: admindrupalShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleCHANCELLOR Alistair Darling will today put bank bosses in the dock over concerns
stanley ca that they are no
stanley germany t lending enough.In a meeting at the Treasury, Darling will urge lenders to reward taxpayers for their support of the banking system by offering loans at more competitive rates.Speaking in a television interview, the chancellor said he was extremely concerned that rates being offered by major lenders were too high.His comments came in the light of a survey by finance website Moneyfacts.co.uk showing that average interest rates have risen over the past three months.But the British Bankersrsquo; Association BBA maintains that lending to small firms rose by pound;391m in June, picking up the pace from the pound;287m increase seen in April. BBA chief executive Angela Knight told City A.M. that rates were high due to expensive inter-bank lending, the risk of loan defaults and government capital requirements.A spokesman for the Federation of Small Businesses, said there was no excuse for banks to charge more than three per cent above base rate and warned that lenders spooked by the threat of a double-dip recession could batten down the hatches.Share this articleFacebookXLinkedInWhatsAppEmai
